Meeting Details

The 21st Annual General Meeting was held on Monday, 28th September 2026 at 03:00 P.M. (IST) through Video Conferencing/Other Audio-Visual Means (VC/OAVM). The meeting was conducted in compliance with the Companies Act, 2013, Secretarial Standards, MCA Circulars, and SEBI Regulations.

Resolutions and Implications

The following six resolutions were proposed for shareholder approval:

1. Consideration and adoption of the Audited Financial Statements for the financial year ended 31st March 2026 together with Reports of the Board of Directors and Auditors (Ordinary Resolution)

2. Re-appointment of Mr. Piyush Bichhoriya (DIN: 10894714) who retires by rotation (Ordinary Resolution)

3. Ratification of Remuneration of Cost Auditors (Ordinary Resolution)

4. Appointment of Mr. Alok Jain (DIN: 01892711) as an Independent Director (Special Resolution)

5. Approval for Sale of Property (Special Resolution)

6. Approval for Loan, Guarantee or Security under Section 185 of the Companies Act, 2013 (Special Resolution)

Voting Process and Methods

The Company provided remote e-voting facility through Central Depository Services (India) Limited (CDSL). The remote e-voting commenced on Friday, 25th September 2026 at 9:00 A.M. (IST) and concluded on Sunday, 27th September 2026 at 5:00 P.M. (IST). Members who had not voted remotely could vote electronically during the meeting through the CDSL platform, which remained open for 15 minutes after the meeting concluded.

Scrutinizer Appointment

The Company appointed Mr. Nishant Rana, Practicing Company Secretary, as the Scrutinizer to scrutinize the remote e-voting and e-voting conducted during the meeting in a fair and transparent manner. The consolidated voting results along with the Scrutinizer's Report were to be submitted to the Stock Exchange, uploaded on the company website, and provided to CDSL within prescribed timelines.

Strategic Business Updates

The Chairperson's speech outlined the company's strategic shift to renewable energy and infrastructure, including:

  • Establishment of a 12 GW integrated silicon ingot and wafer manufacturing facility at Kurnool (to be implemented in two phases)
  • Construction of a 2 GW solar cell and module manufacturing facility as phase 1 of planned 5 GW capacity in Kurnool, Andhra Pradesh
  • Execution of approximately 100 MWp solar power projects under the PM-KUSUM Scheme through subsidiaries
  • Development of a Battery Energy Storage System project with capacity of 62.5 MW/250 MWh in Uttar Pradesh
  • FY25-26 turnover of ₹176.84 crore, reflecting pre-acquisition operations
  • Board approval of a preferential issue of ₹566.10 crore to support strategic initiatives, subject to shareholder and regulatory approvals

Attendance and Quorum

The meeting commenced with a welcome address by Ms. Nidhi Dixit, Company Secretary & Compliance Officer. The requisite quorum under Section 103 of the Companies Act, 2013 was present. Mr. Piyush Bichhoriya was elected as Chairperson for the meeting. Directors present included Mr. Anubhav Agarwal, Mr. Gaurav Kumar Tripathi (Whole-Time Director), Mr. Sanmitra Trivedi (Independent Director and Chairperson of Audit Committee and Nomination & Remuneration Committee), Ms. Jalpa Anand Lavingia (Independent Director), Mr. Alok Jain (Independent Director), and Mr. Amit Kalra (Chief Financial Officer).

Compliance Confirmation

The meeting was conducted in compliance with applicable provisions of the Companies Act, 2013, Rules made thereunder, relevant circulars issued by MCA and SEBI, and other applicable laws. The Statutory Registers and documents referred to in the Notice were available electronically for inspection by Members during the meeting.

Meeting Conclusion

The meeting included a Question-and-Answer session where queries raised by Members were addressed by the Chairperson/Management. The meeting concluded at 03:30 PM with a vote of thanks to the Chair. The required quorum was present throughout the meeting while transacting every agenda item.